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Question 8 5 pts Swanson Company had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month
Question 8 5 pts Swanson Company had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Swanson Company's current ratio? The ratio increased. The ratio decreased. The change in the current ratio cannot be determined. The ratio remained unchanged
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